Simon Quick Advisors LLC Purchases 419 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Simon Quick Advisors LLC increased its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 20.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,445 shares of the software maker’s stock after buying an additional 419 shares during the period. Simon Quick Advisors LLC’s holdings in Commvault Systems were worth $369,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CVLT. Fort Washington Investment Advisors Inc. OH raised its position in shares of Commvault Systems by 0.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 116,772 shares of the software maker’s stock worth $17,622,000 after acquiring an additional 300 shares in the last quarter. Diversify Wealth Management LLC grew its stake in Commvault Systems by 19.3% during the fourth quarter. Diversify Wealth Management LLC now owns 4,033 shares of the software maker’s stock worth $621,000 after purchasing an additional 653 shares during the period. Ellsworth Advisors LLC increased its holdings in Commvault Systems by 4.8% in the fourth quarter. Ellsworth Advisors LLC now owns 4,454 shares of the software maker’s stock worth $672,000 after purchasing an additional 202 shares in the last quarter. Oak Ridge Investments LLC acquired a new position in Commvault Systems in the fourth quarter valued at approximately $2,561,000. Finally, CWA Asset Management Group LLC boosted its holdings in shares of Commvault Systems by 20.4% during the 4th quarter. CWA Asset Management Group LLC now owns 7,994 shares of the software maker’s stock worth $1,206,000 after buying an additional 1,355 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Commvault Systems Trading Down 1.1 %

Shares of Commvault Systems stock opened at $160.94 on Friday. The company has a market capitalization of $7.04 billion, a P/E ratio of 40.74 and a beta of 0.65. The stock has a fifty day simple moving average of $164.30 and a 200 day simple moving average of $152.69. Commvault Systems, Inc. has a 12-month low of $79.39 and a 12-month high of $178.72.

Commvault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The firm had revenue of $233.28 million during the quarter, compared to analyst estimates of $220.76 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue was up 16.1% compared to the same quarter last year. On average, analysts predict that Commvault Systems, Inc. will post 1.65 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. KeyCorp assumed coverage on shares of Commvault Systems in a research note on Thursday, January 16th. They issued an “overweight” rating and a $192.00 price objective for the company. StockNews.com lowered shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. Guggenheim cut shares of Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Royal Bank of Canada boosted their target price on Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer initiated coverage on Commvault Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $154.56.

Insiders Place Their Bets

In other news, CEO Sanjay Mirchandani sold 10,775 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the completion of the sale, the chief executive officer now directly owns 459,969 shares of the company’s stock, valued at $76,032,875.70. This trade represents a 2.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Allison Pickens sold 1,232 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $172.50, for a total transaction of $212,520.00. Following the completion of the transaction, the director now directly owns 5,899 shares in the company, valued at $1,017,577.50. This trade represents a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,530 shares of company stock valued at $2,244,755 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Commvault Systems Profile

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.